📉 ZRO/USDT: LayerZero Price Analysis 🚨

LayerZero ($ZRO ) is currently trading at $5.28, showing a -7.80% decrease in the last 24 hours. This decline presents a potential buying opportunity if it reaches key support levels.

Key Levels to Watch:

Support:$5.00 (strong support zone, potential reversal area)$4.75 (next major support level)Resistance:$5.75 (short-term resistance)$6.00 (next significant resistance)

Trade Setup:

Long Entry: Consider entering long near $5.00, targeting:$5.75 (short-term resistance)$6.00 (next major resistance level)Target Price: If ZRO stabilizes at $5.00, it could bounce back to $5.75 or even $6.00.

Risk Management:

Stop-Loss: Set your stop-loss at $4.60 to minimize risk if the price breaks below the support levels.

Market Insight: The current dip could be a short-term correction with the possibility of a rebound if $5.00 holds. A move back toward $5.75 or $6.00 is possible if the support zone is respected.

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